China Development Institute (CDI), a think tank based in Shenzhen, Guangdong Province, was founded in 1989 with the approval of the State Council to promote China's reform and opening-up, and to expand international academic exchange and cooperation. The mission set by its founders is to conduct high-quality and independent research to provide innovative insight and practical recommendations for business and public policy leaders. Since it was established, CDI has been committing to the exploration of a new route for Chinese research and consultation organizations through reform and institutional innovation that fits China's actual conditions. CDI has grown to become one of the leading think tanks in China for its problem-solving research and consulting service. CDI gathers together 100 full-time staff and with a network of affiliated scholars and experts. Mr. Xiang Huaicheng, Former Minister, Ministry of Finance, is the Chairman and Prof. Fan Gang, a noted economist in China, is the president.